NYSE$UNM

Unum Group · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported solid results driven by healthy profit margins from steady premium growth, stable benefits experience, and expense management.

Unum Group reported net income of $296.2 million for the fourth quarter of 2019, compared to $249.1 million for the fourth quarter of 2018. After-tax adjusted operating income was $290.7 million, compared to $281.7 million in the fourth quarter of 2018.

  • Net income for the fourth quarter of 2019 was $296.2 million ($1.44 per diluted common share).
  • After-tax adjusted operating income was $290.7 million ($1.41 per diluted common share) in the fourth quarter of 2019.
  • Premium income increased to $2,352.6 million in the fourth quarter of 2019.
  • The Company expects after-tax adjusted operating income growth per share for full-year 2020 to be within the range of 4 percent to 7 percent.

Headline financials

Total Revenue

$3.04B

Previous: $2.88B+5.3%
EPS (adj)

$1.41

Previous: $1.30+8.5%
Shares Outstanding

202.9M

No prior period
Book Value / Share

$49.10

Previous: $40.19+22.2%
Capital Expenditures

$43.4M

Previous: $48.5M-10.5%
Free Cash Flow

$441M

Previous: $405M+9.1%
Net Income

$296M

Previous: $249M+18.9%
Operating Income

$377M

No prior period
Gross Profit

$11.7B

Previous: $11.4B+3.2%
Cash & Equivalents

$84.1M

Previous: $94M-10.5%
Total Assets

$67B

Previous: $61.9B+8.3%

Revenue & EPS history

Unum · Revenue · Quarterly

$3.04B

Q4 2019+5.3%vs Q4 2018
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Unum · $2.1B total across 3 segments · Q4 2019

  • Unum US
    $1.51B+5.1%
  • Colonial Life
    $425M+3.6%
  • Unum International
    $166M+8.7%

Forward guidance

The Company expects after-tax adjusted operating income growth per share for full-year 2020 to be within the range of 4 percent to 7 percent.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+2.1%

Avg return

30 days after

53%

38 / 72 earnings

Positive

+12.6%

Q2 2022

Best reaction

-17.8%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.5%+3.0%+7.0%
Q4 2025-1.5%-5.6%-2.8%
Q3 2025+7.3%+7.2%+0.6%
Q1 2025-2.0%-0.7%+3.1%
Q4 2024+2.3%+0.8%+4.1%
Q3 2024+4.1%+3.7%+24.6%
Q2 2024+7.5%+0.7%+3.3%
Q1 2024+1.7%+1.2%+3.9%
Q4 2023+2.9%+0.7%+5.2%
Q3 2023-12.9%-10.6%-11.8%
Q2 2023+1.2%+3.5%+1.2%
Q1 2023+4.9%+5.6%+3.9%
Q4 2022+5.4%+1.1%+9.4%
Q3 2022-1.5%-1.0%-8.0%
Q2 2022+12.6%+12.5%+18.8%
Q1 2022+12.2%+9.0%+12.1%
Q4 2021+1.5%+6.9%+12.6%
Q3 2021-0.0%+0.4%-12.3%
Q2 2021-8.7%-2.1%-2.5%
Q1 2021+4.4%+5.4%+9.2%
Q4 2020-3.0%-0.8%+19.7%
Q3 2020-13.9%-8.2%+20.5%
Q2 2020+0.5%-4.8%+4.1%
Q1 2020-8.0%-5.9%+2.2%
Q4 2019+11.8%+9.0%-20.3%
Q3 2019-4.0%+0.1%+7.2%
Q2 2019-1.7%-8.6%-21.8%
Q1 2019-1.7%-0.4%-11.8%
Q4 2018+5.1%+0.9%+3.8%
Q3 2018-3.7%-3.8%-2.1%
Q2 2018+2.4%-6.1%-6.4%
Q1 2018-17.8%-17.6%-19.8%
Q4 2017-0.7%-6.0%-8.4%
Q3 2017+0.2%-0.8%+2.4%
Q2 2017+3.3%+4.3%+0.7%
Q1 2017-0.6%-1.1%-4.4%
Q4 2016+1.0%+3.4%+8.0%
Q3 2016+2.6%+0.3%+21.6%
Q2 2016+2.7%+1.0%+6.3%
Q1 2016+1.0%
Q4 2015-5.7%
Q3 2015+5.0%
Q2 2015-2.0%
Q1 2015+1.1%
Q4 2014+1.4%
Q3 2014-3.3%
Q2 2014-0.8%
Q1 2014+2.8%
Q4 2013+3.6%
Q3 2013+3.4%
Q2 2013-5.0%
Q1 2013-1.3%
Q4 2011-1.1%
Q4 2009-1.1%
Q4 2010-1.1%
Q4 2012+4.0%
Q3 2012+0.5%
Q2 2012-1.0%
Q1 2012-3.6%
Q3 2011-3.9%
Q2 2011-2.1%
Q1 2011-0.1%
Q3 2010+0.4%
Q2 2010-3.7%
Q1 2009-3.9%
Q1 2010+1.8%
Q4 2007+2.6%
Q3 2009-4.9%
Q3 2008-4.9%
Q2 2008+0.9%
Q4 2008+0.9%
Q2 2009+0.9%

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